Placeholder not working

I have javascript code with displays the placeholder attributes on browsers which dont support HTML5, I am testing the code in IE. It works on every field which is type text. But when its type"password" it displays the placeholder as a password and not text. I need to it show text

I have javascript code with displays the placeholder attributes on browsers which dont support HTML5, I am testing the code in IE. It works on every field which is type text. But when its type"password" it displays the placeholder as a password and not text. I need to it show text